The cloud of legal uncertainty surrounding AT&T’s merger with Time Warner has lifted.
A US Appeals Court on Tuesday rejected a bid to unwind the merger between the companies. The merger was completed last year, following a six-week trial in which the US Department of Justice failed to convince a trial judge that the $85 billion merger would curtail competition and harm consumers.
The Justice Department said in a statement that it won’t pursue the case further, which means it won’t appeal the decision to the US Supreme Court.
More at CNET.